SafetyWing has raised $35 million in a series B funding round to grow its health plan that offers coverage to remote employees without geographic limits, according to Grit Daily.
The San Francisco insurtech firm said the funds will be used to scale its main product, Remote Health, and create a "global social safety net."
The company said it has found demand in the growing number of remote employees who need health insurance but don't have it offered to them by an employer.
"SafetyWing was launched because we saw first-hand that while remote teams are global, the infrastructure that supports them, like the social safety net, is not," CEO Sondre Rasch said.
Swedish investment firm Kinnevik led the funding.